WisdomTree Investments, Inc. (WETF) Sees Significant Drop in Short Interest

WisdomTree Investments, Inc. (NASDAQ:WETF) was the target of a significant decrease in short interest in October. As of October 13th, there was short interest totalling 21,557,128 shares, a decrease of 22.4% from the September 29th total of 27,778,235 shares. Based on an average daily trading volume, of 1,297,928 shares, the days-to-cover ratio is currently 16.6 days. Approximately 18.9% of the shares of the company are sold short.

WisdomTree Investments (NASDAQ:WETF) traded up $0.05 during trading on Friday, hitting $11.94. The stock had a trading volume of 1,593,800 shares, compared to its average volume of 2,063,135. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The firm has a market cap of $1,627.88, a PE ratio of 51.70, a price-to-earnings-growth ratio of 2.96 and a beta of 3.18.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.06. The business had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. research analysts predict that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. WisdomTree Investments’s dividend payout ratio is presently 145.46%.

A number of brokerages recently commented on WETF. Northland Securities reiterated a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a report on Sunday, October 29th. Citigroup Inc. reiterated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a report on Monday, October 30th. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Deutsche Bank AG assumed coverage on WisdomTree Investments in a report on Tuesday, October 17th. They set a “buy” rating and a $13.00 price objective on the stock. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $10.00 price objective on shares of WisdomTree Investments in a report on Thursday, October 12th. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.22.

Several institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of WisdomTree Investments by 0.7% in the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after purchasing an additional 356 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of WisdomTree Investments by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock valued at $201,000 after purchasing an additional 668 shares in the last quarter. Texas Permanent School Fund increased its stake in shares of WisdomTree Investments by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock valued at $852,000 after purchasing an additional 692 shares in the last quarter. Tudor Investment Corp ET AL increased its stake in shares of WisdomTree Investments by 5.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock valued at $145,000 after purchasing an additional 726 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of WisdomTree Investments by 5.0% in the 2nd quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 760 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.

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WisdomTree Investments Company Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

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